Helen of Troy Limited (NASDAQ:HELE) Short Interest Down 27.7% in November

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Helen of Troy Limited (NASDAQ:HELE) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 423,500 shares, a drop of 27.7% from the October 31st total of 585,900 shares. Based on an average daily trading volume, of 204,900 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.7% of the shares of the company are sold short.

Large investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Helen of Troy in the 2nd quarter valued at approximately $26,000. Cerebellum GP LLC bought a new stake in shares of Helen of Troy during the 2nd quarter valued at approximately $31,000. Flagship Harbor Advisors LLC grew its holdings in shares of Helen of Troy by 55.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 372 shares of the company’s stock valued at $58,000 after purchasing an additional 132 shares during the last quarter. Eaton Vance Management bought a new stake in shares of Helen of Troy during the 2nd quarter valued at approximately $200,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Helen of Troy during the 2nd quarter valued at approximately $219,000. Institutional investors own 93.70% of the company’s stock.

Helen of Troy stock traded up $1.85 during midday trading on Wednesday, hitting $163.22. The company’s stock had a trading volume of 117,393 shares, compared to its average volume of 249,949. Helen of Troy has a 1-year low of $108.31 and a 1-year high of $169.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.24 and a quick ratio of 1.07. The company has a 50-day moving average price of $156.13 and a two-hundred day moving average price of $147.77. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.72 and a beta of 0.54.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.28. The business had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $390.55 million. Helen of Troy had a net margin of 10.80% and a return on equity of 18.80%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.98 EPS. Sell-side analysts forecast that Helen of Troy will post 7.8 EPS for the current year.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Helen of Troy from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price objective on shares of Helen of Troy from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, DA Davidson lifted their price objective on shares of Helen of Troy from $172.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Helen of Troy currently has a consensus rating of “Hold” and an average target price of $179.50.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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